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U.S. Home Prices Rise 1.1% Year-Over-Year in May, Outpacing April's 0.9%

2026-07-28 16:23:17

According to S&P Dow Jones Indices, U.S. home prices rose 1.1% year-over-year in May, accelerating from April's 0.9% gain. The 10-city and 20-city indices posted respective annual increases of 2.4% and 1.6%, compared to 1.8% and 1.2% in April. Chicago led metropolitan gains at 6.9%, followed by New York at 4.2%. In nominal terms, month-over-month gains reached 0.6% nationally and 0.9% for both multi-city indices. However, S&P's Rebecca Kaufman noted that with May inflation at 4.2%, the highest in three years, real home prices continue declining, and 30-year mortgage rates rising to 6.5% remain a significant barrier to prospective buyers.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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